Alexander Labak Leaves: Casinos-Austria Seeking New CEO

PeopleExecutives ♦ Published: September 26, 2018; 21:15 ♦ (Vindobona)

At yesterday's meeting of the Casinos Austria Supervisory Board, the Management Board presented plans for modernising and strengthening the casino business in Austria and internationally. However, a bang came from CEO Alexander Labak, who will leave the company at the end of 2019.

Alexander Labak, CEO since mid-2017, will leave the company at the end of 2019 / Picture: © Casinos Austria International

The partially state-owned (the state holding company ÖBIB holds 33 percent) gaming group Casinos Austria has to look for a new CEO.

Alexander Labak, who has been CEO of the gaming group since mid-2017, will leave the company when his contract expires at the end of 2019.

"Alexander Labak informed the Supervisory Board that he will not be available to extend his contract,…